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20121201
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. i think this may be keeping with the idea that citi is an international company. don't need as much stuff here. maybe. >> to the extent financial services are being commotitized. reflective of changes going on overall at financial services as you get out of markets that are so transparent now that you can't make the margin that you once again. therefore you have to focus on the cost size. >> i don't think people understand how much money they used to make. in a transaction you could hide gross credit. you could say you're buying this at 100 but you are getting to 98. no one is taking two anymore. those were the ways you really made a lot of money if you were a sales trader. >> the bulk of the layoffs is from global consumer banking. >> global consumer. >> they are talking brazil, hong kong -- >> those are growth markets. >> that's fascinating. 35% coming from that. >> and 25% from institutional clients. >> what the heck are they doing? are they retreating? the whole thing was to put everybody there. i guess -- >> it's not a supermarket. they want to be bodega. >> they didn't think p
says it stands by its decision and will not be deterred by international pressure. >>> west bank settlements like this one look almost like any other city in israel with schools, malls, and supermarkets, but they're on land, and the international community says it should be negotiated about as part of a future palestinian state. the mayor tells me he believes israel has every right to expand. >> this place, this -- it is in municipality -- a government land that has to be built for our -- >> reporter: others are more blunt. it should be joined to jerusalem, this man says. that way the arabs can't take their part of jerusalem. whether or not the construction goes forward, this will remain one of the many thorny issues between israelis and palestinians. fred, cnn in the west bank. >>> this is a beautiful place, so beautiful that actually nobody can afford to live here. we're going to take you inside this ghost town. it's in africa built by chinese investors. is a complete multivitamin0+ designed for men's health concerns as we age. it has 7 antioxidants to support cell health. one
in auckland. they are one of the first to greet each new year because of its proximity to the international dateline. quite a show there. jon: take a look at this. the party underway in reclusive north korea. history in the making here. complete with official national fireworks in the capital city of pongyang. this is the first public new year's celebration in north korea in a very long time. uma: and final preparations are under way for tonight's big party in new york city. crews testing the giant crystal ball that will drop over times square. this year's ball covered in more than 2600 waterford crystals that can change colors. meantime crews are hard at work getting ready for one of the country's most famous new year's day tradition the beautiful tournament of roses parade held in california. bob decrass toe from kttv in los angeles joins us from nearby irwindale where the floats are coming together. >> reporter: uma, happy new year, to you. it is very noisy here. a lot of activity here about a hour and a half from now it is judging time. the floats for the most part are completely finish
Search Results 0 to 2 of about 3

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